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Former Member

Account determination for Finished Goods

Dear Experts,

My question is about Accounts being determined when GRN created for Finished Goods from the Subcontractor. Please see below details and screen shot and advise.


The attached Accounting doc is created when GR is done for the Finished Product from the Subcontractor.

=> These Accounts are determined for 3 components namely a) Raw materials consumed, b) Finished Products Received and c) Scrap.

Our focus in the discussion is on Raw materials & Finished product

=> Raw materals are Consumed - so that "Raw Materials Inventory" Credit & "Raw materials consumption" Debit. OK

BUT

=> Finished Products are Received using Movement Type 101 and Stock Increased. Therefore, Finished Goods Inventory should be "Debited" and Inventory change should be Credited, I believe.

But it is the other way round in the below screen shot. Why??

Also please see the posting Key against Finished Goods Inventory- 99 - Stock outward movement.

In fact Finished Goods movement here is Inward - NOT outward


Thanks for the support.

NR

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2 Answers

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    Former Member
    Oct 28, 2015 at 03:41 AM

    Hi,

    I believe the BSX key properly assigned to G/L account with valuation class of finished goods in t.code:OBYC.

    Before replying- can you share PO screen with finished goods with raw material details and also share the BOM screen for finished goods with raw material details.

    Regards,

    Biju K

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    • Former Member Former Member

      Hi,

      Are you sure you  attached 1st document with accounting details which created by 101 movement type?

      Can share the purchase order history details with material document with 101 movement type and 102 movement type!

      Regards,

      Biju K

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    Former Member
    Oct 28, 2015 at 11:33 AM

    Hi NR,

    For your understanding, check the posting keys:-

    1. Posting key -89 - Finished goods inventory -(Debit) - Stock Inward movement.

    2. Posting key -99 - Inventory Raw Material - (Credit) - Stock Outwd movement.

    Thanks,

    Vivek

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